Research
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The Reserve Bank of New Zealand is the latest central bank to err on the hawkish side. Sticky inflation remains key. A near-term NZD recovery may not last long.
The USD rally is on pause this morning as traders position with caution on US Presidents Day. Reaction to data later this week could be crucial as to whether the USD rally has run its course.
With GDP flat in Q4, the UK has avoided falling into a technical recession. But there is little to cheer for GBP as sluggish performance looks set to continue.
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